St. Croix USVI Real Estate & Other Good Things

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For Sale: Beachfront Condo, one of the nicest units at The Reef at Teagues Bay, on the golf course with unobstructed views of the water and Buck Island and a very private patio. The home has 2 bedrooms, 2 baths, is fully furnished, with clay tile and concrete flooring for easy maintenance, and includes all appliances.

The Reef has a beautiful beach, restaurant, pool, and tennis courts across the street. This condo is a great turnkey vacation rental. Rentals are in place through April, and the website and all marketing through November is included. Visit the website at www.carusosreef.com.

5 sales closed in February, with an average sale price of $253,000, median price of $185,000, and days on market of 304. This compares to 8 sales in January of this year. In February, 2009 there were 9 sales, with an average price of $744,556, median price of $472,000, and days on market 301.

Condos

5 sales closed in February, with an average sale price of $251,800, median price of $225,000, and average days on market of 330. This compares to 3 sales in January of this year. In February, 2009, there were 6 sales, with an average sales price of $420,667, median price of $310,500, and days on market 259.

Lots/Land

7 sales closed in February, with an average sale price of $186,048, median price of $120,000, and days on market of 268. This compares to 5 sales in January of this year. In February, 2009, 8 lots sold, with an average sales price $116,375, median price of $62,000, and days on market 260.

Beautiful beach front condo on the west end of St Croix in the gated and secure Harbour Beach Village complex. There are only 18 units in this small complex, which sits on the best beach on St Croix. World class snorkeling awaits you right outside the complex, and a great pool, pavilion, and lushly landscaped grounds.

This immaculate one bedroom unit is on the second floor and comes with new appliances, fans, and is fully furnished. A separate laundry / storage room is perfect for those beach toys, and this one even comes with its own inflatable kayak.

The views are absolutely spectacular from these hillside lots, overlooking Salt River and Buck Island, with views of the twinkling lights of Christiansted at night! In the desirable neighborhood of Vista Concordia, one lot is .62 acre, asking $100,000, and the other is .71 acre with a natural building pad, asking $115,000.

Come and build your dream home here and enjoy the tradewinds and views.

HOA fees of $250/year for unimproved land and $500/ year for improved.

Single Family
13 single family homes sold on St Croix in August, with an average sales price of $319,846 and days on market of 215. This compares to 14 sales last year, with an average price of $369,536.

Year-to-date, 60 homes have sold vs 91 last year, with an average sales price of $409,075 vs $477,616 last year.

Condos
8 condos sold, with an average sales price of $189,075, and days on market of 260. Last year, 8 condos also sold in August, with an average sales price of $184,250.

Year-to-date, 35 condos have sold vs 71 last year, at an average sales price of $254,400 vs $217,496 in 2008.

Land
8 lots sold, with an average sales price of $83,188, and days on market of 306. Last year, 14 lots sold, with an average sales price of $139,371.

Year-to-date, this year 84 lots have sold, vs 162 last year, at an average sales price of $114,195 vs. $190,872 last year.

In 2008, for the first 7 months, 419 homes were listed on St Croix, compared to 462 this year, an increase of 10%. Sales have decreased from 80 to 46 this year, down 42%. Average sales price has decreased from $491,320 to $439,815, down 10%. Days to close/days on market stayed nearly the same, 228 to 222, down 2%.

Condominiums

In 2008, for the first 7 months, 294 condos were active listings, compared to 308 this year, an increase of 5%. Sales have decreased from 65 to 27 this year, down 58%. Average sales price has increased from $221,203 to $273,755, up 24%. Days to close/days on market increased from 206 to 248, up 20%.

Lots/Acreage

In 2008, for the first 7 months, 777 lots were active listings, compared to 811 this year, up 4%. Sales have decreased from 146 last year, to 74 this year, down 49%. Average Sales price decreased from $196,965 to $119,633, down 39%. Days to close/days on market decreased from 291 to 256, down 12%.

Homesite with Sweeping North Shore Panorama… This is a gorgeous 0.9 acre lot with wonderful views of the north shore. It is priced well below other lots in the subdivision and is superior to them in terms of buildability and view. You can access this lot from the upper or lower road and the size gives you lots of room and options for building. Cistern and septic required. Power, telephone nearby. Paved road, Active HOA. Seller is motivated! Asking $77,000.

Directions: Heading east from Christiansted, turn right towards Tipperary. Left at Seven Hills. At T, turn left. At first fork, bear left. Lot is at next fork. Bear right to view from top.

For the month of June, 3 homes sold compared to 11 last year, a decrease of 72%. The average sales price was $325,833 versus $523,273 in 2008, a decrease of 37%. Median sale price declined to $295,000 from $345,000 a year ago, down 14%. Average days on market was 217, down from 252 last year.

Condominiums

For June, 3 sold during the month compared to 8 last year, a decrease of 62%. Average sales price increased from $165,675 to $261,500, up 58%. Median sale price also increased to $254,500 from $128,200 in 2008. Average days on market was 278, up from 192 last year.
Lots/Acreage

For June, 6 sales closed compared to 17 last year, down 64%. Average sales price was $37,000, versus $121,941 in 2008, down 69%. Median sale price was $35,000 compared to $57,500 last year. Average days on market was 274 compared to 244 last year.